Also join us this week in our LIVE session to explore the global landscape of Production Financing and Content Acquisition. Discover the learnings of 2023 and predictions for 2024.
In this week’s edition of the Entertainment Supply Chain Digest. From Sony’s monumental $10 Billion Split with Zee to Fremantle’s strategic Boldprint Stake, and the grand reveal of India’s 500-Crore Film City with Virtual Production, the industry is undergoing a transformative phase.
Also join us this week in our LIVE session to explore the global landscape of Production Financing and Content Acquisition. Discover the learnings of 2023 and predictions for 2024.
We at Vitrina AI, the global marketplace for the entertainment industry, strive to keep you informed of the latest happenings in the industry, so you don’t have to spend countless hours researching and keeping up to date.
Know more about Vitrina’s partner and content discovery here.
• In 2023, the M&E industry experienced a slowdown attributed to global market conditions, including the war in Europe.
• The Hollywood Writers and Actors strike, corporate restructuring in major groups like Warner Bros. Discovery and The Walt Disney Company, coupled with strategic shifts from linear to streaming for key players, significantly impacted the commissioning of new projects.
• Q4 continued to see a decline globally, with EMEA being the least impacted. BBC emerged positively, but overall, there was a decline in production across genres.
• Despite challenges with a series of cancellations, a higher share of season renewals within productions indicated a strategic focus on proven content.
• Strikes in the USA impacting content production prompted a shift in the global content acquisition landscape.
• Companies, facing production slowdowns, strategically turned to acquiring existing content to meet platform and subscriber demands.
• Notable shift observed during industry events like Cannes and MIPCOM in both 2022 and 2023.
• Companies actively engaged in acquiring diverse and proven content during these international marketplaces.
• Acquiring existing content filled the gap resulting from strike-induced production delays.
• Enabled platforms to maintain a robust content offering for their subscribers.
• The spike in content acquisition reflected the industry’s adaptability and strategic maneuvering to navigate challenges.
• Industry’s commitment to ensuring a steady stream of engaging content for global audiences despite production challenges.
Assistance in comparing & finding qualified vendors in VFX, Localization and all of Post Production. Get Started.